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Message: Re: Q10- Plan of Operations
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Oct 20, 2010 08:14AM

Read this slowly cover to cover, and IMO it looks to be positive and promissing.

There are "hints" about timing, such as "in the next 3 months....", "in 2010...." , "in 2011...", "by year 3" , etc.

I find it interesting the report states a specific financing figure...."The full expenditure of $50,000,000 is expected to place the operation in profitable continuous production with a 500 ton per day mill and a 200 ton per day mine advancing to 500 ton per day by year three."

Based on the most recent TB report, and the known price of gold and antimony at this time, this looks on the surface to mean they are seeking this specific amount, and we all know what's in the ground far exceeds this. The question left is timing....what else is new...lol.

With Gov't back loans guarenteed, re: antimony, this peace of the puzzle should take shape fairly soon, if I understand the goal of the bill that passed by a huge margin, and to integrate the plan by the end of 2010, so the news out of Washington states.

I'd say all we can do now, is wait for follow up progress of the PLAN via press releases.

The next 3 - 6 months appears to be the milestone we are waiting for...IMO.

GLTA

BBS

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Oct 20, 2010 12:23PM
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Oct 20, 2010 12:45PM
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